Listed by The Dunham Group
$1,500,000
Augusta Area Investment Property
Details
APN Map 5, Lot 159A
Property Type Office
Sub Type Traditional Office
Square Footage 10,754
NOI $134,418
Occupancy 100%
Tenancy Single
Brand/Tenant State of Maine
Year Built 1990
Buildings 1
Stories 2
Acreage 2.300
Zoning Business A
Investment Type Stabilized
Prime Investment Opportunity | 10,754± Office Space
Marketing description
Presenting a prime investment opportunity at 47 Water Street in Hallowell, Maine. This 10,754± SF office building located on highly traveled Route 201 in the heart of Hallowell, is perfectly positioned between Gardiner and Augusta. The property was recently renovated and includes mechanical upgrades, including a brand-new HVAC system. Currently fully leased with a long-term lease with the State of Maine.
Investment highlights
- 10,754± SF office building
- Located on highly traveled Route 201 in the heart of Hallowell
- Perfectly positioned between Gardiner and Augusta
- Recently renovated with mechanical upgrades, including a brand-new HVAC system
- Currently fully leased with a long-term lease with the State of Maine
Listing Contacts
Listed by The Dunham Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$134,418.00
$11,201.50/mo
Valuation Metrics
0
DSCR
8.96%
Cap Rate
8.96%
ROI
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